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Wrapped Pi is inflicting controversey with each its token volatility and its IDO companions.
Wrapped Pi Token Hits $18
Wrapped Pi token surged to just about $20 on January 2 earlier than returning to a value level underneath $10. The token has triggered fairly a stir in lower than per week since launching, exemplified most by the volatility within the token’s value motion.
Amidst a controversial Preliminary DEX Providing (IDO), the Wrapped Pi token galvanized behind the large Pi Community group and doubled its value in a 24hr span. The 24hr excessive for WPI is $18.31, whereas the low is simply $7.27, in response to CoinMarketCap.
Pi Bridge launched the Wrapped Pi token over the New Yr with IDOs on six platforms. After promoting out and performing effectively throughout the platforms, one accomplice, FantomLive, appears to have tried to rip-off customers of $20,000.
The information with FantomLive is creating and ongoing. The PiBridge staff confirmed with BSC News that they’ve a contingency plan if FantomLive fully rugs and doesn’t refund customers.
Pi Bridge has burned all remaining tokens unvested on FantomLive and is making an attempt to work with the staff to refund customers. Notably, FantomLive has deleted their Telegram and has not posted on Twitter because the PiBridge IDO on Dec. 28.
The controversy round Wrapped Pi shouldn’t be ignored. The value volatility is already a purple flag for customers on the lookout for a steady challenge, however the launch controversy ought to increase extra eyebrows. However who is aware of––Pi Community nonetheless has a strong group, and far of economics persists upon hype and FOMO.
No official connection from the Pi Community core staff has been confirmed with the Pi Bridge staff. The Wrapped Pi continues to be an unofficial wrapped token on BNB Chain of the Pi Community native coin. The final word aim of Wrapped Pi will likely be a bridge between BNB Chain and Pi Community that operates at a 1:1 ratio with Pi Coin.
What’s Pi Bridge:
PiBridge is a hybrid all-in-one monetary utility platform combining each DEX and CEX fashions with multi-chain & cross-chain AMM, farming, lending, fundraising platform (launchpad), Occasion Tickets, Market, Prediction, NFT, and extra options. PiBridge will change into an impressive blockchain bridge that connects to different platforms equivalent to commerce, financial system, training, and so on. All merchandise will likely be developed with Pi Community as the bottom.
The place to search out Pi Bridge:
Website | Twitter | Telegram |
What’s Pi Community:
Pi Community is a cellular blockchain mining challenge on a mission to offer everybody entry to the cryptocurrency revolution. The challenge was based by a team of Stanford College Ph.D. candidates who designed a mobile-friendly blockchain mining algorithm.
Pi Community has advanced through the years and has organized a hackathon, constructed a few working Pi blockchain apps, and is now within the last levels of transition to public mainnet.
The place to search out Pi Community:
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